Does Anyone Believe That Unemployment Would Be Just 6.8% If Obama Hadn't Extended Jobless Benefits?http://www.businessinsider.com/robert-barro-on-extending-jobless-benefits-2010-8/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 31 Mar 2015 14:24:43 -0400Joe Weisenthalhttp://www.businessinsider.com/c/4cf2aa104bd7c89f47390000hidirnebiSun, 28 Nov 2010 14:14:23 -0500http://www.businessinsider.com/c/4cf2aa104bd7c89f47390000
Sure, why not U3 at 6.8%? They might not find jobs, but many will fall under the discouraged category and fall of the count. Millions are getting a check because they are wisely telling the gov't they are not discouraged and are still looking for work.
<a href="http://www.yuregininsesi.com">sesli sohbet</a> <a href="http://www.yuregininsesi.com">sesli chat</a>http://www.businessinsider.com/c/4cc711f04bd7c82e2c050000B NTue, 26 Oct 2010 13:37:52 -0400http://www.businessinsider.com/c/4cc711f04bd7c82e2c050000
Well, clearly those people are in areas with more work and/or are better qualified for positions than the unemployed. For example:
A. Are you a PhD? Because there are still WAITING LISTS for foreign PhD's that want to work in the US. So, yah- if you're a PhD is a useful domain such as engineering or math, you probably can still find something to do. Which is not to say it's easy for foreign PhDs. A friend of mine worked at a Dominos with a shift manager who used to be an English professor in his home country. Think of the people you know who are unemployed. How many of them are qualified to teach Spanish in a collegiate setting? This guy was, and he took a US job... at a pizza place. And he was almost certainly better qualified than any of the US applicants.
B. Are you an entrepreneur? A lot of people move to the US with uhm... you know... a plan? A relative or friend sets up a foothold, such as a taxi business, a restaurant, or a gas station. This is entrepreneurship. You don't WAIT for a business to offer you a job, you MAKE a business. However, this ability is a skill. Americans are not given lots of experience in this, while people from other countries may have prior experience in starting their own business in a crappy economy.
C. Can you pick vegetables and/or do 14 hours of landscaping a day, while supporting your family/home/debt? Bearing in mind that you will be getting maybe 100-200 dollars per week. Illegal immigrants can, apparently. Though this only applies in areas where such work is even available. There are plenty of places where there aren't even jobs for illegal immigrants willing to work for a pittance. This varies greatly by geographic distribution. Does anybody really think that there's a surplus of jobs in Detroit, but it's just them darns illegals who are taking them? Really? Bueller?
So yah, there are jobs for foreign people in the US. Foreign people who are better trained, entrepreneurs, or are willing to work under back-breaking conditions for less money than would support a typical US family (in areas where such work exists). So what exactly are you proposing? People aren't magically going to get post-graduate education. The average person does not have the skills to make their own business, nor the startup capital. And moving to compete with illegal immigrants? Good luck with that. First, you have to move- destroying all your social capital and losing any home equity. Second, they're more experienced at doing the job! Who is going to be better at picking grapes? A guy who's done it for 10 years or a guy who used to be a clerk, with soft hands?
Ridiculous. The whole premise of most people's arguments is that somehow US workers are "better" than other workers. We're not. It is a very big world out there, and a lot of bad countries. The people who can get visas to work in the US are competing for extremely limited spots. Or, they're people who are willing to risk and sacrifice- leave their family and take a very dangerous, illegal trip over the border. So the people coming into the US will be, on average- better qualified OR more dedicated. First generation immigrants tend to be VERY productive. The reason why US people are losing jobs is that our educational and small business frameworks have been slipping for 20 years. Why can't anyone see this?http://www.businessinsider.com/c/4ca0be537f8b9adf51bb0100DONNA S RILESMon, 27 Sep 2010 11:54:59 -0400http://www.businessinsider.com/c/4ca0be537f8b9adf51bb0100
How stupid of a statement is that! I did what I was told and thought was smart and went back to school for medical billing/coding and still cant find a job!!!!!! I have a great job history and now I will have to work @ Kroger's for $7.30 an hour ???? I cant even pay rent with that!!!! We need to take care of Americans before we take care of any other country and their problems!!!! VOTE for what???? another bunch of crooks and liars???? WHO is going to help us older unemployed people?????????? Do I and the others deserve at this time in out life to become homeless, begging on the streets, hungry?????? HECK no I have paid taxes all my life and even pay taxes on unemployment what for and who is it helping sure isnt me and the others I know who would be great workers!http://www.businessinsider.com/c/4c7e8ef57f8b9a1327b30000JosephWed, 01 Sep 2010 13:35:49 -0400http://www.businessinsider.com/c/4c7e8ef57f8b9a1327b30000
Please stop making these stories up. If you really employed people and this was really going on, you'd very easily be able to dispute the fact that the employee was fired and they would not be able to collect UI. Several years ago I was a minority partner in a small business with less employees than I have fingers, and I understand how this works. Ever hear of "exit interviews"? People who quit filled out some forms including one indicating they were quitting while they also signed forms indicating they'd had COBRA benefits explained to them, etc. There's no way you were paying UI on people who quit, which means you're making up the rest of your claims as well... unless it's you who were too "lazy" to do dispute the claims.http://www.businessinsider.com/c/4c7e2f977f8b9a642e530500Down Syndrome FetishWed, 01 Sep 2010 06:48:54 -0400http://www.businessinsider.com/c/4c7e2f977f8b9a642e530500
99ers are having to resort to crime.http://www.businessinsider.com/c/4c7e2f5e7f8b9aca12900a00Down Syndrome FetishWed, 01 Sep 2010 06:47:58 -0400http://www.businessinsider.com/c/4c7e2f5e7f8b9aca12900a00
Whatcha got ta eat in that fancy Sub Zero fridge? Anythin' good?http://www.businessinsider.com/c/4c7dc5f87f8b9a82086f0300George HarterTue, 31 Aug 2010 23:18:16 -0400http://www.businessinsider.com/c/4c7dc5f87f8b9a82086f0300
Has anyone in this discussion ever been to that "Economic Miracle" Brazil. Some of you might be surprisd to know that in most places in the city of Rio de Janiero, it is REALLY not safe. Sure they have billionaires. They need lots of bodyguards! But that's Brazil. In America the wealthy would probably never be threatened-we are more docile than the Chinese, for now at least. (And, never forget a lot of Americans do own weapons).
Hasn't the loser class (unemployed) figured out that the government is only here to fatten itself and help the Bankster class drain the country of wealth. Most of the boasters here have money because they inherited or learned how to embezzle, overcharge or steal. Any American that is straight is a fool, all your "Betters" know the angle, crime does pay in the USA, if you are wealthy!!!.
Sadly, I regret being a Viet Nam vet-is this what I fought for??? The rich hardly pay taxes-they have crooked accountants, ex-IRS people! Why all the bitching from moneyclasscreps about YOUR taxes for extended unemployment-YOU CREEPS HARDLY PAY ANY TAXES!.In my career as an engineer(still working, Porky Pig) I have probably paid more taxes, SS, UI, than a typical millionaire. US losers at the bottom, employed or not , simply need a new system of morality. Emulate the vampire squid, laws or even lives don't matter-PROFIT FIRST. Why be a sheep the rich can shear indefinately?http://www.businessinsider.com/c/4c7d4bca7f8b9ac2720b0b00Losing the Class WarTue, 31 Aug 2010 14:36:58 -0400http://www.businessinsider.com/c/4c7d4bca7f8b9ac2720b0b00
Open ended until unemployment rate reaches 8%.http://www.businessinsider.com/c/4c7d4b2d7f8b9abd72cd0a00Losing the Class WarTue, 31 Aug 2010 14:34:21 -0400http://www.businessinsider.com/c/4c7d4b2d7f8b9abd72cd0a00
I'm sorry for your situation.I'm more sorry that we're only ALL Americans when somebody is flying a plane into a building.Good Luck Dave,I mean that sincerely.http://www.businessinsider.com/c/4c7d49167f8b9a3374a90100Down Syndrome FetishTue, 31 Aug 2010 14:25:26 -0400http://www.businessinsider.com/c/4c7d49167f8b9a3374a90100
Thousands of 99ers every day falling off.When they discover that welfare is a mere $38/wk. in foodstamps and that welfare checks don't exist anymore, what would you guess this will evolve into?Better build more prisons,and prisons run on taxes.Americans will pay either way.http://www.businessinsider.com/c/4c7d47bd7f8b9a123e2c0100Down Syndrome FetishTue, 31 Aug 2010 14:19:40 -0400http://www.businessinsider.com/c/4c7d47bd7f8b9a123e2c0100
Especially if you have a girlfriend making $4,000.http://www.businessinsider.com/c/4c7d476c7f8b9a0e74d10100Down Syndrome FetishTue, 31 Aug 2010 14:18:19 -0400http://www.businessinsider.com/c/4c7d476c7f8b9a0e74d10100
One of the Fed's mandates is to keep inflation in check.Since 1913 the dollar has lost 95% of it's value.Isn't deflation just gaining back some of the dollar's buying power that the Fed has done so miserably protecting?http://www.businessinsider.com/c/4c7d45e57f8b9aa63aa70200Robin HoodTue, 31 Aug 2010 14:11:49 -0400http://www.businessinsider.com/c/4c7d45e57f8b9aa63aa70200
If we eliminated the police it would give people the opportunity to gain wealth the old fashioned way,through might.The stronger animal always holds the kill.http://www.businessinsider.com/c/4c7d098d7f8b9a3e6a190000Rob in DCTue, 31 Aug 2010 09:54:21 -0400http://www.businessinsider.com/c/4c7d098d7f8b9a3e6a190000
You know, I don't see why anyone on unemployment doesn't do precisely what Simpson without tits and Bunning and blood and guts -- your blood and guts not mine Boehner recommend: just take a simple crappy job at say, McDonald's, or a job that cuts your pay 50 percent, instead of waiting a few more months and taking what is really comensurate with one's ability and experience. Following WSJ and their fellows' advice makes good business sense! And life sense! (I bet the Wall Street Journal wouldn't want anyone so stupid on their team. Or maybe they would, figuring they can get slave labor out of them.)
Then, all these underemployeds can have the good fortune of losing their homes and grinding the housing market into the ground further, or going homeless or whatnot and being a worse burden on society. Accelerate the race to the bottom! Started by Reagan finding a way to make greater business profits by shipping jobs overseas and fattening the top. And yes, Clinton is to blame because he went along with the nut GOP Congress that repealed Glass-Steagall and opened the door to the deregulation free-for-all that gave us subprimes, securitzation, hedge fund monsters, too big to fails, and our continuing Depression-lite. Now they want to go back to the same, and Obama is doing the same as Clinton. The Dems need to stop being afraid of the saber rattling jingoistic fringe lunatic right which shouts them down, and get some guts.
As you see things can backfire. When you continue gutting the country of its own industries and manufacturing, along with feeding them rising expectations based on thin air and lies, like housing never goes down and these mortgages are rated AAA, (based on ever-increasing credit lines that had to cave in) -- all for a fee, mind you, not for patriotism, or even to grow the economy based on enlightened mutual self interest, but blind greed and outright fraud -- it is bound to backfire. That's what we're in now. Pretty soon you won't have enough people earning enough to buy your goods. It all caves in due to greed. But they continue on and on, and wish to return us to more tax cuts for the wealthy, give everything to business and tighten up things a la 1930. Blinders anyone? I think someone (not Dodd) had the sense to slip into his financial reform bill some measures that can actually be used to fix things, provisions never came under scrutiny or they would have been blasted out of the water by the finance lobbyists.http://www.businessinsider.com/c/4c7ce6297f8b9af761900a00SheldonTue, 31 Aug 2010 07:23:21 -0400http://www.businessinsider.com/c/4c7ce6297f8b9af761900a00
WN, why blame "capitalists"? What about the consumers who can only pay, say, $20.00 for an item made in China, but cannot afford the same item made in the USA at $35.00?http://www.businessinsider.com/c/4c7cd8db7f8b9a3c4e500900Papa HardingTue, 31 Aug 2010 06:26:35 -0400http://www.businessinsider.com/c/4c7cd8db7f8b9a3c4e500900
I believe it would be....since so many would have vanished from the count (NILF). I would love to see what real UE number is including all those that have stopped looking for work or did not have a UE insured job (since they never get counted).http://www.businessinsider.com/c/4c7cb51e7f8b9ade65c20000snedlyTue, 31 Aug 2010 03:54:06 -0400http://www.businessinsider.com/c/4c7cb51e7f8b9ade65c20000
If you were as rich as you claim to be you wouldn't be wasting your time typing your hate filled messages. Probably got your lazy ass fired and can't collect and now your sitting in your parents basement venting your wrath on those who are collecting what you can't. Guess you can't wait for your parents to go six feet under so you can live off their wealth. Hopefully they do what is pissing off so many GenX & Y leaches. Plan on dying broke.http://www.businessinsider.com/c/4c7c5f387f8b9a0306760900joe 6Mon, 30 Aug 2010 21:47:35 -0400http://www.businessinsider.com/c/4c7c5f387f8b9a0306760900
15 million illegal aliens and 65,000 H1b visa holders think there are plenty of jobs in the U.S. There's another 400K green card holders who think jobs are plentiful in the U.S.http://www.businessinsider.com/c/4c7c56457f8b9a083e7e0100DMGMon, 30 Aug 2010 21:09:25 -0400http://www.businessinsider.com/c/4c7c56457f8b9a083e7e0100
How can you vote against a question??????
Are you voting against defending an opinion or merely having one?http://www.businessinsider.com/c/4c7c4a467f8b9a063a4f0d00PipefitterMon, 30 Aug 2010 20:18:13 -0400http://www.businessinsider.com/c/4c7c4a467f8b9a063a4f0d00
Many people have lost their jobs by no fault of their own. People have worked hard all of their lives and then nothing. The old saying “give a person a fish, and you feed them for a day; teach that person to fish, and you feed them for a lifetime”. Ask a person in the Gulf that has been doing that a second or third generation if they’re lazy because they’re asking for help. Katrina, and then the Gulf spill, by no fault of their own. I have been working in the piping trade for thirty four years, and now you can’t buy a job. Also in those thirty four years I’ve never had to collect unemployment benefits. Like so many others, I have lost everything I’ve worked for.
So we go green and that will create jobs. Great! So we go from oil dependency to electric. Wind and solar is a good idea, but will it be enough to supply the masses. Start building power plants that don’t threaten the environment or put us at risk of a Chernobyl crisis. That’s what we want, and need to further this country, if we are to go green. You like turning on that faucet and seeing water? You like flipping on that switch and there’s light? Would you like to have that electric car? Let’s rebuild that infrastructure and not just roadways. There are people in the construction industry waiting for that to start, and I’m one of them.
“Don’t judge a person until you’ve walked a mile in their shoes”.http://www.businessinsider.com/c/4c7c3f297f8b9afe39200700todddMon, 30 Aug 2010 19:30:49 -0400http://www.businessinsider.com/c/4c7c3f297f8b9afe39200700
He says this time it's worse than POST-WORLD WAR II recessions.
Instead of blaming UI extensions....maybe he should go back further to the Great Depression for a clue why it's worse.
He cherry picks which recessions to compare it to and happily leaves out the worst recession.http://www.businessinsider.com/c/4c7c3ea77f8b9ac14df20200BTWMon, 30 Aug 2010 19:28:38 -0400http://www.businessinsider.com/c/4c7c3ea77f8b9ac14df20200
BTW, These are MAXIMUMs. If you made $10/hr, you're looking at around $200-250/week. I.e. less than many states minimum wage.http://www.businessinsider.com/c/4c7c3e577f8b9a716f430e00WRONGMon, 30 Aug 2010 19:27:19 -0400http://www.businessinsider.com/c/4c7c3e577f8b9a716f430e00
<b>Alabama
$255
Montana
$407
Alaska
$370
Nebraska
$308
Arizona
$240
Nevada
$362
Arkansas
$409
New Hampshire
$427
California
$450
New Jersey
$584
Colorado
$475
New Mexico
$455
Connecticut
$519
New York
$405
Delaware
$330
North Carolina
$494
District of Columbia
$359
North Dakota
$385
Florida
$275
Ohio
$372
Georgia
$330
Oklahoma
$392
Hawaii
$545
Oregon
$482
Idaho
$362
Pennsylvania
$539
Illinois
$385
Rhode Island
$528
Indiana
$390
South Carolina
$326
Iowa
$443
South Dakota
$285
Kansas
$423
Tennessee
$275
Kentucky
$415
Texas
$378
Louisiana
$284
Utah
$444
Maine
$496
Vermont
$409
Maryland
$380
Virginia
$378
Massachusetts
$628
Washington
$541*
Michigan
$365
West Virginia
$424
Minnesota
$566
Wisconsin
$363
Mississippi
$230
Wyoming
$387
Missouri
$320 </b>
Where is $900?
And another correction in your blathering, it's not TAX FREE. You get taxed on benefits.http://www.businessinsider.com/c/4c7c3cea7f8b9aea74b90800Yer CluelessMon, 30 Aug 2010 19:21:13 -0400http://www.businessinsider.com/c/4c7c3cea7f8b9aea74b90800
This isn't like other recessions.
If you're not unemployed now, you prolly should STFU and refrain from making comments about something you know nothing about.http://www.businessinsider.com/c/4c7c3ae37f8b9ac53a7f0000todddMon, 30 Aug 2010 19:12:35 -0400http://www.businessinsider.com/c/4c7c3ae37f8b9ac53a7f0000
Thank you.
We can increase jobs by eliminating the minimum wage as well. That will cause incredible wage deflation.
People that are employed and complaining about "paying for the bums that get UI benefits" should thank the heavens they are. Otherwise those same people would be like the walking dead coming to eat their jobs....at much lower wages.
My suggestion for the unemployed that know of someone complaining about UI benefits is to to go to their manager and let them know you'll work for minimum wages to replace them.http://www.businessinsider.com/c/4c7c39127f8b9a234c6d0500George KerryMon, 30 Aug 2010 19:04:50 -0400http://www.businessinsider.com/c/4c7c39127f8b9a234c6d0500
Basically he is saying people would stop claiming unemployment benefits, loose all hope, stop searching for a job and they would not get counted?
U3 is not an accurate indicator of unemployment. There are many people who want a job but they do not qualify for benefits and they are not counted! Real unemployment is about 18-22% right now.
http://www.kondratieffwavecycle.com/unemployment/
Employment is a function of money supply. With a deflating money supply, existing prices and salaries cannot be sustained. This is a deflationary crash. M3 is deflating.
http://www.kondratieffwavecycle.com/economy/deflation-how-to-survive-it/http://www.businessinsider.com/c/4c7c1fb37f8b9a5f47270500Sage_on_the_HudsonMon, 30 Aug 2010 17:16:35 -0400http://www.businessinsider.com/c/4c7c1fb37f8b9a5f47270500
Yeah, Mr Barro, and stupid blondes are stupid because they're blonde.
Tell me, is Barro a blond?http://www.businessinsider.com/c/4c7c15357f8b9aa846d50200why do you hate AmericanMon, 30 Aug 2010 16:31:49 -0400http://www.businessinsider.com/c/4c7c15357f8b9aa846d50200
Why not move there if their people matter more to you. oh wait, you just care about the money.
Hope your taxes go through the roof.http://www.businessinsider.com/c/4c7c14aa7f8b9a7a4590050013 underage Thai HookersMon, 30 Aug 2010 16:29:29 -0400http://www.businessinsider.com/c/4c7c14aa7f8b9a7a45900500
We all got it.
You don't care who suffers as long as you end up richer.http://www.businessinsider.com/c/4c7c14167f8b9af633af0000marv throneberryMon, 30 Aug 2010 16:27:02 -0400http://www.businessinsider.com/c/4c7c14167f8b9af633af0000
So you admit that we have a serious demand side problem? No jobs = no spending
Couple that with your observation that small biz is not in need of loans but rather customers and you start to sound like Krugman.http://www.businessinsider.com/c/4c7c13097f8b9a865ec00000DMGMon, 30 Aug 2010 16:22:32 -0400http://www.businessinsider.com/c/4c7c13097f8b9a865ec00000
Such grand pronouncements yet I noticed you failed to refute anything I wrote.
I don't define reality I merely observe it...which I have found leads to less harsh consequences than trying to pretend it doesn't exist.
As for clues about how to put 15 to 20 million people back to work, I'll tell you exactly how to do it.
We need to rebuild our manufacturing base to produce products the rest of the world wants to buy at prices they are willing and able to pay. This means the wages for workers in other countries must rise while wages here must fall. If we don't produce goods and services we can sell to the people of other countries commensurate in amount and quality to the goods and services we buy from them we are doomed. This isn't a secret. It just means abandoning the arrogance of American exceptionalism and our foolish dreams about manifest destiny.
This is not about demonizing anyone. Its the reality of a global economy.
The most godless, hard-hearted thing you can do for anyone is to lead them down a path to their own failure and destruction out of some misplaced sense of charity and good will. If we, as a nation are willing to face reality head on we can rise to this challenge just as the previous generations who built this country did. Borrowing more money from China to pay people to sit home because 'there aren't any jobs' only leads to even more unemployment and suffering.
Please open up your heart and tell me where I'm worng.http://www.businessinsider.com/c/4c7c0c887f8b9a6f450a0300KenMon, 30 Aug 2010 15:54:48 -0400http://www.businessinsider.com/c/4c7c0c887f8b9a6f450a0300
I WISH YOU PEOPLE WOULD GET IT RIGHT, THERE WAS NO EXTENSION !!!! THERE IS NO TIER 5 EXTENSION !!!!!!!!!!!!! ALL THEY DID WAS ALLOW YOU TO KEEP COLLECTING IF YOU WERE ALREADY COLLECTING. THERE IS NO TIER 5 EXTENSION !!!!!!!!!!!!!http://www.businessinsider.com/c/4c7c0b357f8b9acb44900000garlic eyeMon, 30 Aug 2010 15:49:09 -0400http://www.businessinsider.com/c/4c7c0b357f8b9acb44900000
The jobs situation is quite bad in tech. I know of dozens of talented system, software and hardware engineers who have been without any work for 12+ months. So many of these solidly upper middle class jobs have gone to Asia, and they ARE NOT COMING BACK. The adoption of cloud-based services will make things even harder in the future. That isn't to say that it shouldn't happen -- just that the transition to "full employment" (or whatever that means) will be even tougher.
So what is an unemployed tech person supposed to do? Writing apps that go on iTunes doesn't create large enough businesses that can support expensive ($75K - $125K) people. They used to go into real estate, but that isn't an option anymore.
I am not into Schadenfreude, but when Wall Street jobs are outsourced to China, India and other countries, it will be interesting to see the reaction on Wall Street. If financing can be done cheaper and more efficiently in tech and services, why not finance too?http://www.businessinsider.com/c/4c7c079a7f8b9ab042cd0b00Mike C.Mon, 30 Aug 2010 15:33:45 -0400http://www.businessinsider.com/c/4c7c079a7f8b9ab042cd0b00
Well technically the they cut the benefits a lot of people would no longer be on unemployment and the numbers would drop. Too bad they'd still be unemployed regardless of what the economic number said.http://www.businessinsider.com/c/4c7bfc697f8b9aed42f50000David MatthewsMon, 30 Aug 2010 14:46:00 -0400http://www.businessinsider.com/c/4c7bfc697f8b9aed42f50000
So what your saying is 15million people should just go off and die if thats what your saying and im sure your saying that because you have a job.Then of all the blogs i have read you sir win the prize for the most godless hard hearted person i have ever read and i have read a lot.Unless of course your a plant put on here by the government to turn people against the unemployed because you have no clue how to put 15 to 20 million people back to work so try and demonize them so we can ease are conscience when we kick them to the curb.http://www.businessinsider.com/c/4c7bf3607f8b9aa72d2a0600bittergreenMon, 30 Aug 2010 14:07:28 -0400http://www.businessinsider.com/c/4c7bf3607f8b9aa72d2a0600
According to this logic, if we just printed a million billion trillion dollars, and gave it away, we'd all be rich. You get working on that one.
However, in the world borrowing money from the chinese and giving it to people, for the sole purpose of not working, results in little wealth created other than interest to the chinese government.http://www.businessinsider.com/c/4c7beaba7f8b9a01405f0300Skull68Mon, 30 Aug 2010 13:30:34 -0400http://www.businessinsider.com/c/4c7beaba7f8b9a01405f0300
A comedy of errors it is! Economists sit at their desks and play with numbers. Instead, go talk with small business owners and the unemployed. And what about jobs sent overseas today vs. the 80's. And there were no desktop computers in business back then. Like comparing apples and organges. Yes, what a joke!http://www.businessinsider.com/c/4c7be0367f8b9ac73e680100Unemployed Self-employedMon, 30 Aug 2010 12:45:36 -0400http://www.businessinsider.com/c/4c7be0367f8b9ac73e680100
I have been self-employed since 2004, working as a consultant. I have had no clients for over 18 months. I have actively sought employment during this time. I have received NO unemployment insurance for this period. During the entire recession, I have not received one penny of government assistance in any form.
To say that paying unemployment benefits artificially raises the unemployment rate is the most asinine argument I've ever heard. Even if I had regular employment and was receiving unemployment assistance, it would only be a fraction of what I used to make.
In my line of work, three jobs nationally have become open in the last 18 months. That is : three jobs total for the entire country over an 18 month period. I have many friends who do similar work to me, and they are in the same boat now. I'd be happy being an administrative assistant, but I'm not young, cute and female.http://www.businessinsider.com/c/4c7bdc407f8b9ad13cc00300DMGMon, 30 Aug 2010 12:28:48 -0400http://www.businessinsider.com/c/4c7bdc407f8b9ad13cc00300
I almost forgot the secret ingredient in all the benefits of our so-called civilized society...
we lived off the subjugation, exploitation and labor of the 'less' civilized.http://www.businessinsider.com/c/4c7bd98a7f8b9a7b3db80100roger rogerMon, 30 Aug 2010 12:17:14 -0400http://www.businessinsider.com/c/4c7bd98a7f8b9a7b3db80100
Ok. Why did we need the Wall St. bail out then??????????? We should have given them nothing and let the market fix itself!
This guy should be paid $10 for his "skilled" job!http://www.businessinsider.com/c/4c7bd8287f8b9ace2a0d0000DMGMon, 30 Aug 2010 12:11:20 -0400http://www.businessinsider.com/c/4c7bd8287f8b9ace2a0d0000
Giving trillions to banksters is wrong but giving neverending unemployment benefits to the rest of the people doesn't fix anything. Aren't you capable of speaking out against more than one boondoggle at a time?
I don't understand your logic regarding civilized societies and unlimited government spending. Do you just not get it? The past 30+ years of this civilized, entitlement society were an ILLUSION of prosperity, built on debt. It CAN"T be sustained even if everyone thinks its 'civilized'.
I think what you're looking for is the Garden of Eden except that even if you believe in this paradise we were cast out. In the real world people need to take responsiblity for themselves and their families or face the consequences. In the short run you can depend on momma government and poppa government but this isn't sustainable.
What you fail to realize is that for the past 30+ years we lived on the legacy of the people who built this country through hard work and sacrifice and by spending the credit of generations to come. Just because you would like to live in a world where everyone gets what they 'deserve' doesn't mean its within our capabilities to deliver.
For thousands of years the world has been a cruel, hard place that allowed only survival of the fittest. We temporarily let our arrogance an ignorance convince us things 'are different now'. Reality is about to teach us otherwise.http://www.businessinsider.com/c/4c7bd6987f8b9ad529040200college studentMon, 30 Aug 2010 12:04:39 -0400http://www.businessinsider.com/c/4c7bd6987f8b9ad529040200
Yes, the crime rate goes up when the poverty rate goes up. Also, rioting occurs and society becomes destabilized -- when are no jobs, no hope -- and people see the rich Wall Streeters and banksters getting richer and thumbing their noses at the rest of America. America is not just Wall Street.http://www.businessinsider.com/c/4c7bd6907f8b9a45351c0000Sam ShicksMon, 30 Aug 2010 12:04:32 -0400http://www.businessinsider.com/c/4c7bd6907f8b9a45351c0000
If they eliminated unemployment and minimum wage laws and welfare, unemployment would be reduced. One thing is for sure, jobless claims would be reduced. LOL. We wouldn't have to worry about outsourcing to cheep labor, because we would have cheep labor here. Actually we do, they are called illegals. We let that happen but apparently it's not good for our own citizens. For them, we give them unemployment, minimum wage criteria, and welfare.http://www.businessinsider.com/c/4c7bd26f7f8b9adf165d0a00DroplinebackerMon, 30 Aug 2010 11:46:54 -0400http://www.businessinsider.com/c/4c7bd26f7f8b9adf165d0a00
Of course it is. Just don't start complaining when you start getting robbed/beaten/mugged a little more than usual.http://www.businessinsider.com/c/4c7bcfe37f8b9a87149a0b00college studentMon, 30 Aug 2010 11:36:03 -0400http://www.businessinsider.com/c/4c7bcfe37f8b9a87149a0b00
But the government has the ability to give TRILLIONS to banksters -- and to spend TRILLIONS on wars in the Middle East. Sure, let's have work projects! Those don't seem to be coming. Take care of yourself or die -- yes, in many places of the world this is true -- but this is no longer the case in civilized societies.http://www.businessinsider.com/c/4c7bcf237f8b9a213b110700college studentMon, 30 Aug 2010 11:32:50 -0400http://www.businessinsider.com/c/4c7bcf237f8b9a213b110700
Trickle up works better. If people have no money, they can't spend. When people can't spend, businesses go bad.http://www.businessinsider.com/c/4c7bcebd7f8b9a3028d80400college studentMon, 30 Aug 2010 11:31:09 -0400http://www.businessinsider.com/c/4c7bcebd7f8b9a3028d80400
Oh I get it. We have a high unemployment rate because Americans don't WANT to work. Not because the jobs have gone overseas.http://www.businessinsider.com/c/4c7bce257f8b9a0c3ae70600Charlie KasnickMon, 30 Aug 2010 11:28:37 -0400http://www.businessinsider.com/c/4c7bce257f8b9a0c3ae70600
Nero are you on crack ,or still sucking from the tit.My guess is he is still coddling,sounds like most of my friends who after 50+ are going to be in tuff shape after their daddy dies.http://www.businessinsider.com/c/4c7bcd9b7f8b9a9a284d0100college studentMon, 30 Aug 2010 11:26:19 -0400http://www.businessinsider.com/c/4c7bcd9b7f8b9a9a284d0100
Unemployment continues to rise --- no matter how you scream about how lazy unemployed people are. Hundreds will still apply for one job at Wallmarts. You can call names from now till doomsday -- does not change the situation. There are no jobs -- and poverty in the USA is rising at an alarming rate. Calling the unemployed lazy does not change the situation.http://www.businessinsider.com/c/4c7bcb2d7f8b9a713af80100bittergreenMon, 30 Aug 2010 11:15:57 -0400http://www.businessinsider.com/c/4c7bcb2d7f8b9a713af80100
Perhaps something along the lines of:
Take all the money that taxpayers use to fund "people not to work", then allow them to spend it. Thus the money is thus spent on productive activities rather than non-productive activities. Some people like to refer to this as "trickle down economics". I like to refer to it as "productivity gains".
And I know that "taxpayers" aren't actually funding UI, but rather the US Government Bond Selling activities are. But again, reducing future debt service payments is going to be a plus for the economy.http://www.businessinsider.com/c/4c7bc9467f8b9a683b760000txchick57(?)Mon, 30 Aug 2010 11:07:49 -0400http://www.businessinsider.com/c/4c7bc9467f8b9a683b760000
They existed the current tiers of UI benefits through November 30. After that, the jobless will be at the mercy of Congress again and this time it may not be pretty. There is some pressure to not have a lame duck session after the elections if there is a big turnover in the makeup of the two houses.
This issue is complicated. People who got laid off this year or even recently will be dumped into a 10% or more unemployment market with potentially only 26 weeks of benefits. That is just wrong. I'm as wingnutty as they come but that is just wrong.http://www.businessinsider.com/c/4c7bc8877f8b9a6a3a1e0000neroMon, 30 Aug 2010 11:04:38 -0400http://www.businessinsider.com/c/4c7bc8877f8b9a6a3a1e0000
@BUDDY LAMONS Unemployment insurance actually reduces employers incentives in creating jobs in the USA. I have had so many workers who quit work for various reasons (usually to go to college), and then claim that they were fired and collect UI which I end up paying in higher premiums. Department of Labor spits at the face of employers when they contest the phony workers.
I WILL CREATE JOBS IN MEXICO AND CHINA before I add another job in the USA.http://www.businessinsider.com/c/4c7bc7847f8b9aec3af40100neroMon, 30 Aug 2010 11:00:19 -0400http://www.businessinsider.com/c/4c7bc7847f8b9aec3af40100
In Massachusetts is about $600 week maximum and with some state programs it can come up to $900.http://www.businessinsider.com/c/4c7bc7247f8b9a00276d0500neroMon, 30 Aug 2010 10:58:44 -0400http://www.businessinsider.com/c/4c7bc7247f8b9a00276d0500
Since I can live on 1% of my wealth for the next 100 years I dont give a shit about unemployment touching me.
ALL I SAY TO PARASITES LIKE YOU IS: (and get it into your thick skull) IF YOU WANT EXTENDED UNEMPLOYMENT BENEFITS-FINE BUT I WANT YOU TO WORK FOR THE TAXPAYERS and not sit on your fisted arse. You should be forced to conduct community service jobs in return for compensation .WORKFARE NOT WELFARE!!!!!!!!!http://www.businessinsider.com/c/4c7bc6827f8b9a7727a20100Matt BeauchampMon, 30 Aug 2010 10:56:02 -0400http://www.businessinsider.com/c/4c7bc6827f8b9a7727a20100
AMEN!!! Somebody gets it.http://www.businessinsider.com/c/4c7bc6227f8b9a533ab80300neroMon, 30 Aug 2010 10:54:26 -0400http://www.businessinsider.com/c/4c7bc6227f8b9a533ab80300
OBAMA ECONOMICS=ZIMBABWE ECONOMICS
OBAMA ECONOMICS =REPARATIONS FOR SLAVERY
THIS IS THE OBAMA PLANhttp://www.businessinsider.com/c/4c7bc6197f8b9a443a960400Matt BeauchampMon, 30 Aug 2010 10:54:17 -0400http://www.businessinsider.com/c/4c7bc6197f8b9a443a960400
Hunger is a great motivator. That is fact.http://www.businessinsider.com/c/4c7bc5be7f8b9aae272a0000neroMon, 30 Aug 2010 10:52:46 -0400http://www.businessinsider.com/c/4c7bc5be7f8b9aae272a0000
UNEMPLOYED WORKERS SHOULD BE PLACED ON GOVERNMENT WORK PROJECTS AFTER THEIR INSURANCE PAYMENTS HAVE EXPIRED IN ORDER TO RECEIVE WELFARE PAYMENTS. Highways and parks cleaning jobs sound about right.http://www.businessinsider.com/c/4c7bc50f7f8b9a0f27ed0200neroMon, 30 Aug 2010 10:49:51 -0400http://www.businessinsider.com/c/4c7bc50f7f8b9a0f27ed0200
There is no jobs because lazy American workers cant wait to get fired and go on unemployment vacation. Why would anybody want to hire Americans?http://www.businessinsider.com/c/4c7bc42a7f8b9ad338b20600nero Mon, 30 Aug 2010 10:46:02 -0400http://www.businessinsider.com/c/4c7bc42a7f8b9ad338b20600
@college student
How about doing work for the taxpayers instead in return for your extended UI on sitting on your penetrated arse? Do you think that I need to pay for your sloth?http://www.businessinsider.com/c/4c7bc3af7f8b9a2639920300neroMon, 30 Aug 2010 10:43:59 -0400http://www.businessinsider.com/c/4c7bc3af7f8b9a2639920300
Unemployed are full yrespectable by me as long as they do work for the government in return for their UI benefits and dont sit on their fat asses or play gold in the Caribbean.http://www.businessinsider.com/c/4c7bc3487f8b9a5127420000neroMon, 30 Aug 2010 10:42:15 -0400http://www.businessinsider.com/c/4c7bc3487f8b9a5127420000
Hey lazy modervucker Mark. In Mass we have a maximum of at least $650 and some state web site say up to $900. Not bad eh modevucker? Get off ur fvckin lazy arse. If you are going to collect my tax money you better start working for me-the taxpayer.http://www.businessinsider.com/c/4c7bc21c7f8b9ad326160200DMGMon, 30 Aug 2010 10:37:15 -0400http://www.businessinsider.com/c/4c7bc21c7f8b9ad326160200
I would suggest that many Americans have lost touch with reality. The idea that the government has the ability to pay people to retire at age 50 if they can't find a job up to their standards is beyond nonsensical.
We are already in debt up to our eyeballs and yet the entitlement generation believes the government owes us cradle to grave support. I won't even get into the argument about how never-ending government support turns people into house plants because the government simply doesn't have the ability to do what you suggest without destroying the country!
Are you aware that up until the Great Depression there was no such thing as unemployment benefits (or Social Security or Medicare or Workman's Compensation or even Welfare as we know it)???? For thousands of years people around the world had to take care of themselves or die. This is still the case for most of the people on this planet.
Why are we different?http://www.businessinsider.com/c/4c7bc1f37f8b9ace10790500Charlie KasnickMon, 30 Aug 2010 10:36:35 -0400http://www.businessinsider.com/c/4c7bc1f37f8b9ace10790500
People still pushing tax cuts for the wealthy to spur the economy?What universe have you lived in since 1980?
If tax cuts for the wealthy so they can drop cake crumbs for the rest to eat,not a very good business model for a consumer driven economy,in fact a very good model on how to go bankrupt.If tax cuts are the answer is that so the top 1% can drive the economy is only 3.1 mllion people,I think it makes more sence to drive the economy with the help of 306.9 million people.
P.S. the top 1% payed less tax under Radical Republicans economy than the blue collar workers and the blue collar get nothing but increeded taxes under the Radical Republicans plan.State and local taxs have exploded by the decrease of revenue sharing by the federal government .Did you know cheap safe drinking water was a priority for many years the feds helped locals with this task.Not NO More,let them go bust ,privatize and let the consumer pay double.Privatization is not the saviour that is pushed by the Radical Republicans.http://www.businessinsider.com/c/4c7bc1357f8b9a6839010600neroMon, 30 Aug 2010 10:33:25 -0400http://www.businessinsider.com/c/4c7bc1357f8b9a6839010600
Hey dirtbag
" How much? In general, unemployment benefits are based on an individual's earnings in the base period. As of December, 2008, MA benefits ranged from $32 to $900. Massachusetts state unemployment benefits are subject to Federal income taxes, and you may elect to have taxes withheld from your unemployment check."http://www.businessinsider.com/c/4c7bbed37f8b9ac238ed0800DanMon, 30 Aug 2010 10:23:15 -0400http://www.businessinsider.com/c/4c7bbed37f8b9ac238ed0800
I thought Congress extended the benefits?http://www.businessinsider.com/c/4c7bbe6f7f8b9ac638c40100BUDDY LAMONSMon, 30 Aug 2010 10:21:35 -0400http://www.businessinsider.com/c/4c7bbe6f7f8b9ac638c40100
I employed, but i feel bad for people thats not, i say extend unemployment, i work at cinram plant, in huntsville,alabama, where they only hire now thru a temp service, and its only mexacans around 500, they use the temp service as a way to go around I.C.E. after being raided, they hire the illegals thru temp so they can say , they din't no they was illegal out of 500 mexacans about 50 % are illegalhttp://www.businessinsider.com/c/4c7bbe647f8b9a9738de0100hmpfMon, 30 Aug 2010 10:21:24 -0400http://www.businessinsider.com/c/4c7bbe647f8b9a9738de0100
It's not even for that reason. It's to keep people from getting desperate. From being another Joe Stack, or rioting in the streets or rallying in Washington or demanding the social/economic order be changed.
Those who want to gut all these 'welfare entitlements' as they call them forget why they were brought in the first place. It wasn't to benefit those at the bottom, but those at the top lest the peasants get restless again and start hauling out the guillotines.http://www.businessinsider.com/c/4c7bbe217f8b9a0a38750600David MatthewsMon, 30 Aug 2010 10:20:17 -0400http://www.businessinsider.com/c/4c7bbe217f8b9a0a38750600
For one thing they cant build enough fast food places to put all these people back to work.I get 250.00 im not being real picky about what job i take but let me ask you this if a man or women is barely keeping there home and just enough to pay utilities on there unemployment what happens when they get some fastfood job working 15 or 20 hrs a wk and know they lose there home or apartment.Just how do you propose they deal with that maybe they lose there car as well.These are not 15 to 20million teenagers that still have there mom and dad paying the bills these are the bread winners the buck stops with them.Also during the time they stopped benefits housing foreclosures went up 6%.My god man how many millions of people have lost there homes everything now there using there 401ks as a last resort.Its easy to make these blanket statements but look at the people your talking about a lot of people like me i planed on retiring at 60 yrs old i worked hard to make that happen im now 55yrs old that plan is long gone you dont think that hurts you look like a young man just imagine you get so close to reaping what you have worked for and it seems like overnite its gone and i mean gone.Now your 55yrs old people dont even want to talk to you why should they when they can get a young guy pay him or her half the money also the money they save on there med benefits with a younger more low risk work force.So i went from almost there to im to young to retire on ss and i guess to old to be considered for a job.All im asking is before you get on here and just bash everybody remember the people your talking about are wounded and broken,.we have enough hell in our lives we dont need to be dumped on anymore.http://www.businessinsider.com/c/4c7bbd447f8b9a7139ec0200TIM BRAGGMon, 30 Aug 2010 10:16:36 -0400http://www.businessinsider.com/c/4c7bbd447f8b9a7139ec0200
no jobs , not even min wag jobs,, i put in a application last monday for a job paying $7.50 hr it had to be 50 others putting in applications ,that was just one day, they was taking applications all week, for ever job it's 200 trying to get that job, my unemployment check is $155.00 a week, after fed tax,http://www.businessinsider.com/c/4c7bbc3f7f8b9aa8399d0000imkeithhernandezMon, 30 Aug 2010 10:12:15 -0400http://www.businessinsider.com/c/4c7bbc3f7f8b9aa8399d0000
yes but the amount that's been paid into UE up until now was based upon people receiving 26 weeks of UE, not 99... what they're receiving now is welfare- call it extended UE if you'd like but it's welfare
if you're getting UE payouts past 26 weeks you should take pride in knowing that you're a welfare recipienthttp://www.businessinsider.com/c/4c7bbc247f8b9a1e25dd0700college studentMon, 30 Aug 2010 10:11:48 -0400http://www.businessinsider.com/c/4c7bbc247f8b9a1e25dd0700
If you lose your job -- and you are over 50 -- chances are you will ever be able to find a job again. So, I guess it's early retirement. What would you suggest?http://www.businessinsider.com/c/4c7bbc177f8b9a3738ea0200TIM BRAGGMon, 30 Aug 2010 10:11:35 -0400http://www.businessinsider.com/c/4c7bbc177f8b9a3738ea0200
need a tier 5 , unemployment extention, average unemployment check is $280.00 before taxes , to who it may concern, get your facts strighthttp://www.businessinsider.com/c/4c7bbbe87f8b9a9709cc0a00college studentMon, 30 Aug 2010 10:10:48 -0400http://www.businessinsider.com/c/4c7bbbe87f8b9a9709cc0a00
Where are all those low-wage jobs people keep talking about? Wallmarts isn't hiring now -- and neither is McDonald's. There was a job opening at Dunkin Donuts -- one job -- 250 applicants.http://www.businessinsider.com/c/4c7bbb7b7f8b9a7538480100college studentMon, 30 Aug 2010 10:08:59 -0400http://www.businessinsider.com/c/4c7bbb7b7f8b9a7538480100
What would be a good use of America's capital? What should people do who can't find a job after 97 weeks? You do realize that there are no jobs in the USA.http://www.businessinsider.com/c/4c7bbad17f8b9a7d25900400college studentMon, 30 Aug 2010 10:06:09 -0400http://www.businessinsider.com/c/4c7bbad17f8b9a7d25900400
People who work and their employers PAY Unemployment INSURANCE, so that when an individual loses his job, he has some means of supporting himself until he is able to find a job. Long term employed would love to "perform work." How about jobs? Real jobs.http://www.businessinsider.com/c/4c7bba947f8b9ade37bb0300StephanieMon, 30 Aug 2010 10:05:08 -0400http://www.businessinsider.com/c/4c7bba947f8b9ade37bb0300
Here's an inexpensive way to provide unemployment benefits:
Declare a moratorium on granting work visas to foreign laborers and, at the same time, guard our border.http://www.businessinsider.com/c/4c7bb8c67f8b9abd25af0000imkeithhernandezMon, 30 Aug 2010 09:57:26 -0400http://www.businessinsider.com/c/4c7bb8c67f8b9abd25af0000
there's a good chance of that happening... of course i also predict that the money printing that's going on will send my somewhat decent sized position in gold, silver, oil and ags to the freakin' moon and will more than offset any decreases in income i might receivehttp://www.businessinsider.com/c/4c7bb8b67f8b9a0908fc0900DMGMon, 30 Aug 2010 09:57:10 -0400http://www.businessinsider.com/c/4c7bb8b67f8b9a0908fc0900
I would like everyone with an opinion to tell me how many weeks of unemployment benefits is too many.
Or are there some of you that believe that people should be able to 'retire' on these benefits?
Just wondering.http://www.businessinsider.com/c/4c7bb7f77f8b9a2025580400David MatthewsMon, 30 Aug 2010 09:53:59 -0400http://www.businessinsider.com/c/4c7bb7f77f8b9a2025580400
Dont worry the way things are going i predict that within 1yr you we either be on vacation with the rest of us or you will be working for a lot less than you do now.Lets see if im righthttp://www.businessinsider.com/c/4c7bb4237f8b9a1924c30400JimMon, 30 Aug 2010 09:37:39 -0400http://www.businessinsider.com/c/4c7bb4237f8b9a1924c30400
@Mark, i agree with you. first of all what u get from unemployment is a far cry from what u were making in your job position. second, when u were working u paid into unemployment so it's not a free ride or a handout of any sorts, it's not like u can call up unemployment when u have never worked and they cut u a check, u have had to work and paid into it and qualify for it. third, taxes are taken out of the check every time u get it and lastly not everyone qualifies for the job retraining programs. i know a few people who signed up for it and were told they were eligible for it. people who put down the unemployed are seriously lacking in respect, u need to remember one day it could be u in the same position of unemployment and hardship and u wouldn't want someone treating u like u are treating the unemployed right now.http://www.businessinsider.com/c/4c7bb3c67f8b9af2242c0100WTF?Mon, 30 Aug 2010 09:36:06 -0400http://www.businessinsider.com/c/4c7bb3c67f8b9af2242c0100
Ok...so tell me what these people would be doing if they weren't getting unemployment checks. sitting on their tails and starving? hardly. they'd be working any job to get paid. They might have to sell their overleveraged, granite counter-topped homes, but they'd be making the tough choices that they are only resisting.
It happened to me in a previous recession and I swallowed my pride and took a less than great job. In the long run it all worked out.
I recognize that good jobs are not exactly plentiful, but there are jobs.http://www.businessinsider.com/c/4c7bb3167f8b9a5224160300george81Mon, 30 Aug 2010 09:33:09 -0400http://www.businessinsider.com/c/4c7bb3167f8b9a5224160300
I hate when people name-call unnecessarily instead of having an intelligent conversation... but you're an idiot. The attitude of 40% of the people on unemployment? Uhh, citation needed. As if you have a clue.
I would LOVE to see some of you armchair economists (who are likely posting from your trailer park) actually try to get by on unemployment since it's so "wonderful." You'd break and be shooting up post offices in 48 hours.
And keep trying to "color" the discussion with useless prattle about "reparations." When you wake up and realize that most of the 99ers and most of the people out of work actually look like you, it'll be too late. It's not a "reparations" problem, it's an American problem.http://www.businessinsider.com/c/4c7bb16f7f8b9a0e09690000imkeithhernandezMon, 30 Aug 2010 09:26:06 -0400http://www.businessinsider.com/c/4c7bb16f7f8b9a0e09690000
hey you- you indicated that you're one of the unemployed referred to in this post... how about less posting here and more job hunting, ok? we're sick of carrying your sorry ass
also, i'd like you to be a little more respectful and appreciative of those of us who are going to work each day to support you... shit, at least those sally struthers kids will send you a letter at xmas... w/you ingrates all we get is liphttp://www.businessinsider.com/c/4c7baf9a7f8b9aed362e0300MarkMon, 30 Aug 2010 09:18:18 -0400http://www.businessinsider.com/c/4c7baf9a7f8b9aed362e0300
Bitter, don't be bitter that your wife is banging other guys...............that has nothing to do with UI..................http://www.businessinsider.com/c/4c7baf3e7f8b9a7923320400MarkMon, 30 Aug 2010 09:16:46 -0400http://www.businessinsider.com/c/4c7baf3e7f8b9a7923320400
Nero, You are an idiot..................Nobody receives $600 / week.....................and don't forget you get approx 25 - 30% of what you made, so tell me how that is living life.............Why don't you FAT BASTARDS talk of the welfare recipients..............at least we HAD JOBS..............we did not quit...............YOU FAT FILTHY MORON !!!!!!!!!!!!!http://www.businessinsider.com/c/4c7baebd7f8b9a9c23d40100bittergreenMon, 30 Aug 2010 09:14:37 -0400http://www.businessinsider.com/c/4c7baebd7f8b9a9c23d40100
I don't believe that paying people to not work for their 97th week in a row, is a good use of American's capital.
Whether that feeling makes the unemployment rate higher or lower... don't really care.http://www.businessinsider.com/c/4c7bad877f8b9a6702570600neroMon, 30 Aug 2010 09:09:26 -0400http://www.businessinsider.com/c/4c7bad877f8b9a6702570600
what is exactly wrong with a little deflation? will make your dollar buy more, and make you a little more wealthy. Terrible thing for socialist moddervckers.http://www.businessinsider.com/c/4c7bacfd7f8b9a4636b90300neroMon, 30 Aug 2010 09:07:09 -0400http://www.businessinsider.com/c/4c7bacfd7f8b9a4636b90300
Unemployment benefit is a wonderful government vacation. Especially for a married person whose spouse is holding a good job. Imagine sitting on the golf course getting 450 to 600 bucks a week-tax deferred. Not a bad life. You can even go to school to learn a new skill, just enjoy life. This is the attitude of 40% on people on extended unemployment. It is another cast welfare scheme. (Did you read that welfare rolls climbed 34% in two years under Obama (reparation baby. reparation)
AS FAR AS I AM CONCERNED IF ANY PERSON GETS LONG TERM UNEMPLOYMENT BENEFITS FROM THE FEDERAL GOVERNMENT HE/SHE BE BETTER PUT TO WORK ON COMMUNITY PROJECTS. NO FREE HANDOUTS. THERE IS NO REASON LONG TERM UNEMPLOYED CANT PERFORM WORK FOR THE TAXPAYERS IN RETURN FOR THEIR HANDOUTS.http://www.businessinsider.com/c/4c7ba9ac7f8b9a5835030100WhatAboutBobMon, 30 Aug 2010 08:53:00 -0400http://www.businessinsider.com/c/4c7ba9ac7f8b9a5835030100
No, I DON'T believe that unemployment would be at 6.8% if we didn't extend unemployment benefits.
I DO believe that unemployment would be at 6.8% if we had $800 billion of tax cuts, versus $800 billion of stimulus.http://www.businessinsider.com/c/4c7ba8337f8b9a9035c20300joecitizenMon, 30 Aug 2010 08:46:43 -0400http://www.businessinsider.com/c/4c7ba8337f8b9a9035c20300
Has this turn ever tried to live on UI benefits? More academic masturbation. Tell you what. We'll fire your sorry azz and then you can tell us for "real" what you think. For fun we'll put you in the 99er club and check back with you on your THEORY.http://www.businessinsider.com/c/4c7ba7517f8b9a8022640100imkeithhernandezMon, 30 Aug 2010 08:42:56 -0400http://www.businessinsider.com/c/4c7ba7517f8b9a8022640100
and undoubtedly all of our efforts today will have the same results that they did in the 1970s following nixon's efforts... in other words- buy gold, buy silver, buy oil, buy agshttp://www.businessinsider.com/c/4c7ba6737f8b9a5c349e0300The DudeMon, 30 Aug 2010 08:39:15 -0400http://www.businessinsider.com/c/4c7ba6737f8b9a5c349e0300
What are you guys talking about? It's fun and easy living on $1200 a month!http://www.businessinsider.com/c/4c7ba5f07f8b9af134120000AJMon, 30 Aug 2010 08:37:04 -0400http://www.businessinsider.com/c/4c7ba5f07f8b9af134120000
Barro is an ivory tower academic, clueless about what is transpiring in the real world He should take his theories and shove them deep up his academic hole where they belong. As for WSJ, it has largely turned into soviet style Pravda since Murdoch took over, and largely serves as a bully pulpit for the republican agenda.http://www.businessinsider.com/c/4c7ba48f7f8b9aab349e0000WNMon, 30 Aug 2010 08:31:11 -0400http://www.businessinsider.com/c/4c7ba48f7f8b9aab349e0000
Again, the main reason for the extended benefits isn't out of some kind of kindness to the unemployed. Not out of some sort of political vote-buying. It's to prevent a serious deflationary spiral in wages. It's a slightly more subtle version of Nixon's wage-and-price controls.
Two similarly-skilled people are making $20/hour. One gets laid off. He looks for a job making $15-$20. He gets the equivalent of $10 on UI.
UI falls through, and desperate, he goes to the currently-employed person's boss and offers to do his currently $20/hour job for $10 or less. Wage deflation.
Now, the capitalists among you have raging erections right now. So noted. But, over a broad economy, serious sudden deflation sucks. It sucks for almost everyone. And it's a lot harder to get out of than an inflationary cycle.http://www.businessinsider.com/c/4c7ba23f7f8b9a8932a90600imkeithhernandezMon, 30 Aug 2010 08:21:19 -0400http://www.businessinsider.com/c/4c7ba23f7f8b9a8932a90600
and you can add to that all those people who are now taking SS who might not be if the job market was better... there's a not so insignificant amount of people who are unemployed, in their early 60s and who weren't planning on retiring until their late 60s (to get the higher SS payout) who have reversed course, seen that the job market is for shit and are resigned to retiring now in their lower 60s w/the lower SS payouthttp://www.businessinsider.com/c/4c7ba1027f8b9afe1f680700MikeDMon, 30 Aug 2010 08:16:02 -0400http://www.businessinsider.com/c/4c7ba1027f8b9afe1f680700
Sure, why not U3 at 6.8%? They might not find jobs, but many will fall under the discouraged category and fall of the count. Millions are getting a check because they are wisely telling the gov't they are not discouraged and are still looking for work.http://www.businessinsider.com/c/4c7ba09e7f8b9aee7e300000outsourcedMon, 30 Aug 2010 08:14:22 -0400http://www.businessinsider.com/c/4c7ba09e7f8b9aee7e300000
There are no jobs. Companies need to "beat the Street" every quarter. Without sales, the only way to do that is to have layoffs, outsource to India, China, and replace employees that can't be outsourced with low wage contractors brought here to the US from India, China, etc by abusing H1B and L1 visa programs.
Companies aren't done eliminating jobs. Unemployment will go higher.
Americans simply aren't needed. They aren't cheap enough. No factory worker in the US will work for 30 cents an hour. The same thing is not true in China.
The gov't will spin the unemployment numbers and the few people that are left in the middle class will rightfully scream as they have been left to pay for this mess, One thing I don't expect to hear come from anyone, though, is a solution.http://www.businessinsider.com/c/4c7b9fd87f8b9aee20c00300locationislandMon, 30 Aug 2010 08:11:04 -0400http://www.businessinsider.com/c/4c7b9fd87f8b9aee20c00300
Typical of the WJS...they quote everything but real people.
Remember when that paper had credibility?http://www.businessinsider.com/c/4c7b9dcc7f8b9a1c72150e00qussl3Mon, 30 Aug 2010 08:02:20 -0400http://www.businessinsider.com/c/4c7b9dcc7f8b9a1c72150e00
These economists..... they are such comedians.....
How would Chris Rock ever make a dime if we didnt have economists.